Chinese Stocks Consolidating July Gains

The Shanghai Composite continues to consolidate its July gains and trade above a key technical level.   This is one the most interesting markets, in our opinion,  and could be the recipient of new inflows.   The relaxation of monetary conditions  and structural reform,  coupled with valuations and what appears to be the end of the seven year bear market provides a nice story for investors looking for the next bull move.    Could be wrong.     Stay tuned.

Aug12_Shanghai_1Aug12_Shanghai_2(click here if charts are not observable)

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